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DARDANELLA FINANCIAL v. HOME FEDERAL SAV.

Nos. 15131, 15132.

392 N.W.2d 834 (1986)

DARDANELLA FINANCIAL CORPORATION, a South Dakota corporation, and Lee O. Rensberger, Plaintiffs and Appellants v. HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF SIOUX FALLS, by merger First Federal Savings And Loan Association of Sioux Falls, and Silver Valley, a Co-Partnership, Defendants and Appellees. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF SIOUX FALLS, now Home Federal Savings and Loan Association of Sioux Falls, Plaintiff and Appellee, v. DARDANELLA FINANCIAL CORPORATION, a South Dakota corporation; Lee O. Rensberger; Defendants and Appellants; Betty Lou Rensberger; Forest Home Cemetery Association; Minnehaha County, South Dakota; and the City of Sioux Falls, a municipal corporation, Defendants.

Supreme Court of South Dakota.

Decided September 3, 1986.

Attorney(s) appearing for the Case

James R. Myers of Simons, Gibbs, Feyder & Myers, Sioux Falls, for plaintiffs and appellants.

G.J. Danforth Jr. of Danforth, Danforth & Johnson, Sioux Falls, for appellee Home Federal Sav. and Loan of Sioux Falls.

Scott G. Hoy of Swanson, Carlsen, Carter, Hoy & Anderson, Sioux Falls, for appellee Silver Valley.

DOBBERPUHL, Circuit Judge.

This is a consolidated appeal from a summary judgment granted in favor of Home Federal Savings and Loan Association (Home Federal) in a mortgage foreclosure action (# 15132) and from an order quashing a motion made by Dardanella Financial Corporation and Lee O. Rensberger (appellants) to extend the period of redemption (# 15131). We affirm.

FACTS

On January 23, 1979, appellants executed a promissory note to First Federal...

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